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Director of Global Macro at Fidelity still doesn’t understand bitcoin (or money). We are still so early.

Bitcoin does not “aspire” to be anything… that statement doesn’t make any sense. Bitcoin is not a “hedge” against monetary basement. Bitcoin is the *solution* to monetary debasement. History has proven it is a certainty all fiat currencies will be debased over time. One may use a hedge for protection against a *potential* financial loss, but when monetary debasement is a certainty the only solution is bitcoin.

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Discussion

ODELL 2y ago

the crazy thing is we share our candid thoughts on how this will all play out publicly for years and most still don't get it

average_bitcoiner 2y ago

Leaking alpha. Now your previous statement about leaking it all the time makes sense.

I put that alpha in my bowl for lunch and dinner. 🤤

stacktoshi 🚀 ∞/21m 2y ago

I think he’s just describing the “commodity” from a tradfi perspective up until this point. It hasn’t proven itself as a store of value on a wide scale yet. I mean its “store” is only as good as one’s ability to safeguard that store. Protecting against debasement is a necessary first step to solving debasement I think. Can you really win over tradfi normies, who worship Warren Buffet, without a decades old track record?

atyh 2y ago

think about how the writers of biblical prophecy must have felt. people still dont get it even when its laid out millennia in advance

petri 2y ago

"It is difficult to get a man to understand something when his salary depends on his not understanding it."

- Upton Sinclair

🇦🇷🧡 Marcel 🟠⚡️ #Bitcoin is Hope 🙏 2y ago

For me #Bitcoin is #Hope

Every sat is digital money, no matter if bitcoin goes up or down, at the end of the month, I can use it to pay my mother’s bill. I think #btc is the best way to receive international help from anywhere in the world. And every help is really appreciated.

7a843eab... 2y ago

Have you read The Creature from Jekyll Island?

He absolutely does understand